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❕NEWS Cardano creator says El Salvador is the first of many

AudraMiller

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One of the major news articles that occurred recently was that El Salvador has started to accept Bitcoin as a legal currency within the country and this was officially declared this week. This created a massive rise in the number of businesses in the country that are leaning towards cryptocurrency because they are sanctions that are being implemented on those that do not accept Bitcoin. According to the creator of Cardano, who is Charles Hoskinson, he thinks that the adoption of El Salvador into the cryptocurrency world is actually the key factor that will cause a ripple effect resulting in many other countries also adopting cryptocurrency in the very near future. Do you agree with this and do you think that it will be a successful venture?
 
This bold step taken by El Salvador towards bitcoin adoption has indeed create opportunities for cryptocurrency to be known in the world
 
The news came up in the last 48 hours, which ceased the BTC market to record quick 8% drop down in price, from $50,000 to $43,000 within one hour. But at least it has served to others who are still having mixed feelings around cryptocurrency that crypto has a future.
 
This bold step taken by El Salvador towards bitcoin adoption has indeed create opportunities for cryptocurrency to be known in the world
I think that once these countries start to see the benefit that it is able to provide the country of El Salvador then they will follow in teh footsteps. Right now it is just a trial to see how it fairs.
 
I think that once these countries start to see the benefit that it is able to provide the country of El Salvador then they will follow in teh footsteps. Right now it is just a trial to see how it fairs.
Yeah ,many of the countries of the world will be forced to enter into bitcoin adoption in coming months if they see how El Salvador is benefiting from it
 
Yeah ,many of the countries of the world will be forced to enter into bitcoin adoption in coming months if they see how El Salvador is benefiting from it
I think that this is likely going to be the case, and the benefits that it provides may help to ease some of their minds about the risk of cryptocurrency as well.
 
He is right the adoption would actually make other countries also think of considering Bitcoin and it's a very good development , I hope more countries consider crypto importance
 
I think that this is likely going to be the case, and the benefits that it provides may help to ease some of their minds about the risk of cryptocurrency as well.
Is just that countries that will enter late will suffer from the effect of spike in price. I believe this is reason why interested countries are fighting to adopt it fast
 
I am very optimistic that El-Salvador took a very bold and others are beginning to see that there is huge potential in cryptocurrencies now.
 
I am very optimistic that El-Salvador took a very bold and others are beginning to see that there is huge potential in cryptocurrencies now.
Yeah UKRAINE are the next in line to adopt bitcoin as a legal tender and more countries are warming for their own adoption . They don't want to be last to adopt it
 
Yeah UKRAINE are the next in line to adopt bitcoin as a legal tender and more countries are warming for their own adoption . They don't want to be last to adopt it
That's great , I haven't read about UKRAINE cryptocurrencies activities online, it is good that the country is also warming up to legalize cryptocurrencies as legal tender.
 
Yeah UKRAINE are the next in line to adopt bitcoin as a legal tender and more countries are warming for their own adoption . They don't want to be last to adopt it
Yeah it's great , I saw the news somewhere ,I think accepting Bitcoin would actually make more countries consider it too just the way elsavador did theirs
 
Yeah it's great , I saw the news somewhere ,I think accepting Bitcoin would actually make more countries consider it too just the way elsavador did theirs
Many countries may end up regretting not joining on time because by the time they will understand what is happening , they have lost huge amount of money
 
Ukraine is likely to make better advantage of the cryptocurrency legalization than El-Salvador because they would have work on little challenges face by El-Salvador.
 
Many countries may end up regretting not joining on time because by the time they will understand what is happening , they have lost huge amount of money
That's true they won't be able to gain anything more from Bitcoin , because the development would have spreading greatly to a wide range and the development too I think ,the Innovation would have left them behind
 
There are countries out there who are getting ready to adopt bitcoin immediately after the effect is felt in El Salvador. This is the main trend online
 
I believe the trend has started and it will continue to move as fast as possible from one country to the other especially in countries where cryptocurrencies are legalized .
 
I believe the trend has started and it will continue to move as fast as possible from one country to the other especially in countries where cryptocurrencies are legalized .
Yeah but most likely they are going to wait to see the effect it will have in El Salvador before they can go ahead and adopt their own. Am eager to know the next country
 
Yeah but most likely they are going to wait to see the effect it will have in El Salvador before they can go ahead and adopt their own. Am eager to know the next country
Yeah there's every possiblilty that most countries will be watching El Salvador now especially that there was protest the other day as regards cryptocurrency and also the market situation when the country declared bitcoin as legal tender.
 

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